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Palm Tree Grower

Three & ¼ Acres of Palm tree growers with $707 rent a month & very close to Free Way in city of Whittier. This property is leased from Edison Company and has been in the business for about 50 years. According to the owner, the lease is renewed every 5 years, and since the property is backed to residential property, it cannot be leased for other commercial usage like storage because of the noise pollution. This means the lease renew for agricultural usage is certain.

This is a good grower zone for a lot of different types of tree such as Avocados, Palms, and many different types of plants & flowers.

The revenue used to be $60,000 to $80,000 couple of years back. At this time the revenue is down to $30,000-$40,000 a year, and this is just for utilizing almost half of the property. There is very low overhead for this operation; all the expenses including, rent, insurance and utility is about $1,200 a month.

There is one Green House, 3 shade Houses, and one Shade structure which estimated values are about $30,000, are on the property, and also a Tractor, one motorized flat bed Kart, & 2 trailers are included in the purchase price as well.

It is very difficult to find this type of property especially in this area.

Annual Revenue: $30,000
FF&E: $10,000 (Included in the price)
Inventory: $60,000 (Included in the price)
Seller’s Discretionary Cash Flow: $15,000
Asking Price: $99,000

Disclaimer: The information above was furnished by the seller. Neither the broker nor its agents have verified the information and make no representations as to its accuracy or reliability.